Short Interest in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Decreases By 15.8%

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,718 shares, a decline of 15.8% from the March 15th total of 2,040 shares. Based on an average daily volume of 3,982 shares, the days-to-cover ratio is currently 0.4 days.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Trading Down 0.2%

OXLCL stock traded down $0.05 during midday trading on Friday, reaching $24.01. 5,845 shares of the company’s stock traded hands, compared to its average volume of 4,715. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a fifty-two week low of $22.85 and a fifty-two week high of $24.66. The business has a 50-day moving average price of $23.98 and a two-hundred day moving average price of $24.02.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.4219 per share. The ex-dividend date is Monday, June 15th. This represents a $1.69 annualized dividend and a dividend yield of 7.0%.

Institutional Trading of Oxford Lane Capital Corp. 6.75% Notes due 2031

A hedge fund recently bought a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. acquired a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 38,367 shares of the company’s stock, valued at approximately $924,000.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

Oxford Lane Capital Corp. is a closed-end management investment company organized under the Investment Company Act of 1940 and listed on the Nasdaq Global Market. The firm focuses on generating attractive risk-adjusted returns primarily through investments in U.S. consumer credit asset-backed securities and corporate loans. Its portfolio typically includes collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), and other structured finance instruments secured by auto loans, credit card receivables, personal loans and similar consumer assets.

Since its initial public offering in 2012, Oxford Lane Capital has sought to capitalize on opportunities in the U.S.